Green Lending

Green Additional Borrowing

We're committed to supporting those customers who want to reduce their carbon footprint by improving the energy efficiency of their homes. That’s why we’re delighted to be able to offer Green Additional Borrowing products, to eligible existing mortgage customers.

At least 50% of the amount borrowed must be spent on energy efficient home improvements such as (but not limited to):

• Solar panels
• Insulating the property
• New windows and doors
• Ground or air source heat pumps
• Bio-mass boilers

Features and benefits

We offer Green Additional Borrowing products for both Residential and Buy to Let, which are attractively priced.

• No product fees
• No Early Repayment charges for variable rate products, so your clients won't incur a penalty if they leave mid-deal
• Borrow between £5,000 - £50,000, depending on your client's individual circumstances
• Residential products available on a Repayment basis up to 95% LTV. Also available up to 70% for Interest Only mortgages and up to 80% for part and part (with the interest only element not exceeding 70%). Subject to lending policy
• On Buy to Let mortgages, your clients can borrow up to 75% Loan to Value
• At the end of the deal period your client's additional borrowing will switch onto our Mortgage Variable Rate (MVR) for the remainder of the mortgage term. Alternatively, they could switch to another Skipton product, subject to availability and their eligibility at the time.

If your client has a Skipton savings or mortgage account they can have up to 10 free EPC Plus Home Energy Reports for the Residential or Buy to Let properties they own.

The EPC Plus Home Energy Report offer is available to home-owning members of Skipton Building Society, for homes constructed more than 10 years ago. See our full offer Terms and Conditions [PDF].

EPC Plus is provided by Vibrant Energy Matters Limited, who are owned by Connells Group, a Skipton Building Society Group company. EPC Plus is not regulated by the Financial Conduct Authority.

Let's talk retrofit

Retrofitting - the updating of a home to make it more energy efficient - is likely to become a bigger financial priority for your clients over the next few years. But there are so many unknowns about the options and the costs. To help you to help your clients, we invite you to see the learnings we discovered from our own experience of retrofitting a house in Skipton.

Discover what we're doing and why it matters

We've worked with industry experts to transform a house join us in seeing our retrofitting journey. The options, the costs - and any cost savings.

Common myths about retrofitting

There are lots of unknowns about retrofitting, making it hard to separate fact from fiction. Check out our guide to common myths.

Eligibility criteria

You'll need to check your client's eligibility before applying for Additional Borrowing:

• Minimum Additional Borrowing loan of £5,000 applies
• Your client must have made six months consecutive mortgage payments before applying for Additional Borrowing. They must not be in arrears or have had more than one missed payment within the last 12 months, or have exceeded two missed months in the last two years
• Affordability is calculated on the total new loan amount, not just the Additional Borrowing
• Your client can't take out Additional Borrowing if they don't pay by Direct Debit
• Your client must spend at least 50% of the Additional Borrowing on energy efficient home improvements. Eligible improvements include things such as: solar panels, insulating your property, new windows and doors, ground or air source heat pumps and bio-mass boilers
• The mortgage term of the Additional Borrowing cannot exceed the mortgage term of your client's existing main mortgage account
• Subject to lending criteria and full affordability assessment.

Useful links